Consider the following cost information for a pizzeria:QuantityTotal CostVariable Cost(Dozens of pizzas)(Dollars)(Dollars)028001320402350703380100442014054701906530250 The pizzeria's fixed cost is ? image 2 :Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then complete the final column by calculating the marginal cost per dozen pizzas using the information on variable cost.QuantityTotal CostMarginal CostVariable CostMarginal Cost(Dozens of pizzas)(Dollars)Using Total Cost(Dollars)Using Variable Cost(Dollars)(Dollars)0280 0 132040 235070 3380100 4420140 5470190 6530250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Trueor False. Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then completethe final column by calculating the marginal cost per dozen pizzas using the information on variable cost.QuantityTotal CostMarginal CostVariable CostMarginal CostUsing Total CostUsing Variable Cost(Dozens of pizzas) (Dollars)(Dollars)(Dollars)(Dollars)0.2801.320402,350703801001404.4201905.470250530True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.OTrueO FalseAAAAAAAAAAAA 6. Problems and Applications Q6Consider the following cost information for a pizzeria:QuantityTotal CostVariable Cost(Dozens of pizzas)(Dollars)(Dollars)2800.1.320402.3507038010044201405.470190530250The pizzeria's fixed cost is S

(As per company policy we are supposed to answer only 1 question per session up to 3 sub points,…

Answered: Consider the following cost information…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...

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Consider the following cost information for a pizzeria:

Quantity	Total Cost	Variable Cost
(Dozens of pizzas)	(Dollars)	(Dollars)
0	280	0
1	320	40
2	350	70
3	380	100
4	420	140
5	470	190
6	530	250

The pizzeria's fixed cost is ?

image 2 :

Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then complete the final column by calculating the marginal cost per dozen pizzas using the information on variable cost.

Quantity	Total Cost	Marginal Cost	Variable Cost	Marginal Cost
(Dozens of pizzas)	(Dollars)	Using Total Cost	(Dollars)	Using Variable Cost
(Dollars)	(Dollars)
0	280		0

1	320	40

2	350	70

3	380	100

4	420	140

5	470	190

6	530	250

True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.

True

False

Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then complete
the final column by calculating the marginal cost per dozen pizzas using the information on variable cost.
Quantity
Total Cost
Marginal Cost
Variable Cost
Marginal Cost
Using Total Cost
Using Variable Cost
(Dozens of pizzas) (Dollars)
(Dollars)
(Dollars)
(Dollars)
0.
280
1.
320
40
2,
350
70
380
100
140
4.
420
190
5.
470
250
530
True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.
OTrue
O False
AAAAAA
AAAAAA

6. Problems and Applications Q6
Consider the following cost information for a pizzeria:
Quantity
Total Cost
Variable Cost
(Dozens of pizzas)
(Dollars)
(Dollars)
280
0.
1.
320
40
2.
350
70
380
100
4
420
140
5.
470
190
530
250
The pizzeria's fixed cost is S

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